GURUFOCUS.COM » STOCK LIST » USA » OTCPK » Target Group Inc (OTCPK:CBDY) » Definitions » Piotroski F-Score
Switch to:

Target Group (OTCPK:CBDY) Piotroski F-Score

: 3 (As of Today)
View and export this data going back to 2015. Start your Free Trial

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Target Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Target Group's Piotroski F-Score or its related term are showing as below:

CBDY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 6
Current: 3

During the past 9 years, the highest Piotroski F-Score of Target Group was 6. The lowest was 2. And the median was 3.


Target Group (OTCPK:CBDY) Piotroski F-Score Historical Data

The historical data trend for Target Group's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Target Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 N/A N/A 4.00 3.00

Target Group Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 3.00 3.00 3.00 3.00

Target Group (OTCPK:CBDY) Piotroski F-Score Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Target Group's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Target Group (OTCPK:CBDY) Piotroski F-Score Distribution

For the Drug Manufacturers industry and Healthcare sector, Target Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Target Group's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep22) TTM:Last Year (Sep21) TTM:
Net Income was -0.061 + -0.56 + 0.248 + -0.286 = $-0.66 Mil.
Cash Flow from Operations was 0.608 + 0.148 + -1.347 + 0.129 = $-0.46 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Sep21)
to the end of this year (Sep22) was
(12.942 + 13.063 + 13.266 + 11.399 + 10.603) / 5 = $12.2546 Mil.
Total Assets at the begining of this year (Sep21) was $12.94 Mil.
Long-Term Debt & Capital Lease Obligation was $1.33 Mil.
Total Current Assets was $0.86 Mil.
Total Current Liabilities was $6.38 Mil.
Net Income was -5.361 + -2.69 + 0.827 + 2.197 = $-5.03 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Sep20)
to the end of last year (Sep21) was
(17.252 + 13.037 + 13.893 + 13.582 + 12.942) / 5 = $14.1412 Mil.
Total Assets at the begining of last year (Sep20) was $17.25 Mil.
Long-Term Debt & Capital Lease Obligation was $1.55 Mil.
Total Current Assets was $0.50 Mil.
Total Current Liabilities was $3.61 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Target Group's current Net Income (TTM) was -0.66. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Target Group's current Cash Flow from Operations (TTM) was -0.46. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep21)
=-0.659/12.942
=-0.05091949

ROA (Last Year)=Net Income/Total Assets (Sep20)
=-5.027/17.252
=-0.29138651

Target Group's return on assets of this year was -0.05091949. Target Group's return on assets of last year was -0.29138651. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Target Group's current Net Income (TTM) was -0.66. Target Group's current Cash Flow from Operations (TTM) was -0.46. ==> -0.46 > -0.66 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=1.331/12.2546
=0.10861228

Gearing (Last Year: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=1.547/14.1412
=0.10939666

Target Group's gearing of this year was 0.10861228. Target Group's gearing of last year was 0.10939666. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep22)=Total Current Assets/Total Current Liabilities
=0.863/6.38
=0.13526646

Current Ratio (Last Year: Sep21)=Total Current Assets/Total Current Liabilities
=0.5/3.614
=0.13835086

Target Group's current ratio of this year was 0.13526646. Target Group's current ratio of last year was 0.13835086. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Target Group's number of shares in issue this year was 617.026. Target Group's number of shares in issue last year was 616.669. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Target Group's gross margin of this year was . Target Group's gross margin of last year was . ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep21)
=0/12.942
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep20)
=0/17.252
=0

Target Group's asset turnover of this year was 0. Target Group's asset turnover of last year was 0. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+1+1+0+0+0+0
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Target Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Target Group  (OTCPK:CBDY) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Target Group Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Target Group's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Target Group (OTCPK:CBDY) Business Description

Target Group logo
Traded in Other Exchanges
N/A
Address
20 Hempstead Drive, Hamilton, ON, CAN, L8W 2E7
Target Group Inc is engaged in the cultivation, processing, and distribution of curated cannabis products for the adult-use medical and recreational cannabis market in Canada. The company generates revenue from the sale of Wisp vaporizer and pod units.
Executives
Katzman Barry Alan director 36 ADDISON DRIVE ST. CATHERINES A6 L2S 4B7
Zarcone Anthony Carlo director 564 NORTH SHORE BLVD. BURLINGTON A6 L7T 1X2
Monte Frank Michael director 18 BRAESIDE SQ MARKHAM A6 L3R 0A5
Niddam Saul director 42 HEATHVIEW AVE NORTH YORK A6 M2K 2C1
Mehrali Azmatali officer: CFO 134 BRIDGEPOINTE COURT AURORA A6 L4H 3H8
Weinstein Family (2015) Trust 10 percent owner 52 RIDOUT STREET EAST TILLSONBURG A6 N4G 2E3
Schindermann Rubin director, 10 percent owner, officer: CEO 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Starr Alexander director, 10 percent owner, officer: President 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Chess Supersite Inc. (canada) 10 percent owner 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Starr Nava other: See Remarks 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Cassidy James M director, 10 percent owner, officer: president 215 APOLENA AVENUE NEWPORT BEACH CA 92662
Mckillop James K director, 10 percent owner, officer: vice president 9454 WILSHIRE BOULEVARD SUITE 612 BEVERLY HILLS CA 90212
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership